US Market Open: US equity futures gain, GBP weaker after cooler than exp. CPI, USD benefits into FOMC

An informed source told Tasnim that Bloomberg's alleged text of the US-Iran MoU is not accurate, but that the finalised text will be published after the signing on Friday. However, it was initially stated that it would not be published. US equity futures gain steadily; Germany's DAX 40 underperforms, weighed by BMW's guidance cut.DXY flat, G10s mixed; SEK softer despite Riksbank forecasts of a greater chance of a rate hike.Fixed income muted, while gilts outperform following cooler-than-expected CPI; Fed announcement ahead. Energy benchmarks contained in narrow ranges, as the focus remains on the US-Iran MoU signing. Looking ahead, highlights include US Retail Sales (May), Atlanta Fed GDP (Q2), New Zealand GDP (Q1), Fed Policy Announcement, BCB Policy Announcement, Speakers including ECB's Lagarde & Fed's Warsh.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk